VOL. XXXVI

NO. 18

1 FEBRUARY 1993

Double Boost For Oil Prices In Run-Up To February OPEC Meeting

Oil prices have received a double boost during the past week or so with MarchBrent adding around $1.50/B to close in London at $18.50 on 29 January. Abouthalf the increase was attributable to bullish sentiment about the OPECproduction cutback consultations orchestrated by Venezuelan Energy MinisterAlirio Parra in his capacity as current OPEC President, and more particularly asa result of Saudi...